Skip to main content

MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Post a Comment

Etoro to Limit Cardano and Tron Services in US Due to Regulatory Concerns

etoro

Etoro, an Israel-based trading platform, has taken action on its platform regarding the trading of cardano and tron. Now, U.S.-based customers will have limited functionality with these cryptocurrencies on the Etoro platform starting in December. Etoro explained in a post that these new measures were a consequence of “business-related considerations in the evolving regulatory environment.”

Etoro Limits Cardano and Tron Trading for US-Based Customers

Etoro, one of the most important Israel-based trading companies, has limited tron and cardano trading for users based in the U.S. The announcement was made on November 23, in a blog post that informed customers about the limitations that these assets will see applied to the platform. Users will not be able to open positions for these cryptocurrencies starting December 26, and will not be able to stake these assets anymore starting next December 21.

However, this only applies to new positions. Existing positions will have to be maintained by the users, but when closed the payout of the operation (if any) will be processed in dollars. Also, positions in smart portfolios will be converted to personal positions for the user to maintain them. Etoro stated it is taking these measures due to “business-related considerations in the evolving regulatory environment.” The company is likely trying to protect itself from the regulatory uncertainty that the cryptocurrency sector is facing in the U.S.

Hoskinson Answers

The unexpected measures taken by Etoro prompted a response from Charles Hoskinson, the founder of Cardano. Hoskinson talked about the general regulatory uncertainty problems that cryptocurrency faces in the world, and especially in the U.S. On the subject, Hoskinson stated:

It appears to be an adjustment in risk control and policy for a particular European entity and liquidity was reduced there for US participants.

At the same time, Bitstamp, another European cryptocurrency exchange, has announced it will be including cardano on its platform. This would support the aforementioned assessment by Hoskinson, which suggests Etoro’s constriction is just a specific action by a single platform, and not symbolic of an overall trend of exclusion. Hoskinson also clarified the action by Etoro wouldn’t affect the liquidity of the currency in the market, as it was a relatively small platform for the token.

Hoskinson also called for regulatory clarity, stating that it was going to be the only way in which all of these problems could be solved. on the other hand, Justin Sun, the founder of Tron, made no statements about the issue.

What do you think about Etoro limiting Cardano and Tron functionality on its platform? Tell us in the comments section below.

Labels:

Comments

Post a Comment

Popular posts from this blog

Blockchain Software Firm Consensys Acquires Mycrypto Ethereum Wallet

On February 1, the blockchain infrastructure firm Consensys has revealed it has acquired the Ethereum-based wallet Mycrypto and plans to merge the wallet into Metamask. The price Consensys paid for Mycrypto was not disclosed but the announcement notes that the acquisition will “further improve the security of all the products.” Consensys Obtains Mycrypto Ethereum Wallet, Plans to Merge With Metamask in the Future Consensys has acquired the Ethereum-based wallet Mycrypto for an undisclosed sum according to an announcement released on Tuesday. The deal aims to strengthen the company’s Ethereum wallet Metamask and “enhance Web3 experiences.” The eventual merger between the two Ethereum interfaces will “provide users with a heightened experience that is even more extensive and secure,” according to Consensys. Consensys is an Ethereum software company led by one of the Ethereum co-founders Joseph Lubin. The Web3 wallet Metamask, with 21 million monthly active users (MAUs) is owned by C...
Post a Comment
Read more

The Congolese Mountain of Gold: Surprise Discovery in Africa Shows Metal’s Scarcity Is Hard to Prove

A myriad of gold bugs like to compliment the yellow precious metal for its ostensible scarcity, as estimates say only 2,500 to 3,000 tons of new gold is produced annually. While new gold discoveries have seemingly slowed, investigative studies also show that in some areas, gold is being smuggled into the economy by the ton, and often never accounted for as far as per annum issuance estimates. Recently, reports show a whole mountain of gold was discovered in the Congo, as the Democratic Republic of the Congo is well known for being a region that sees tons of smuggled gold filtered into the global financial system unreported. Surprise Gold Deposits Continue to Crack the Precious Metal’s Scarcity Proposition It has always been said that the precious metal gold (Au) is scarce, and some reports even say that gold mining on earth will end by the year 2050 . Additionally, estimates also show that there’s roughly 2,500 to 3,000 tons of new gold that is accounted for and enters into the fin...
Post a Comment
Read more

Bitcoin Legal Tender in 3 Days but Survey Shows 7 Out of 10 Salvadorans Want Bitcoin Law Repealed

Bitcoin is becoming legal tender in El Salvador in three days. However, a nationwide survey conducted by the University Institute of Public Opinion (Iudop) shows that seven out of 10 Salvadorans want the government to repeal the Bitcoin Law. El Salvador’s Bitcoin Law Goes Into Effect in 3 Days The University Institute of Public Opinion (Iudop) in El Salvador conducted a study between Aug. 13 and Aug. 20 of how the public views the country’s upcoming Bitcoin Law. The institute is a research center of the José Simeón Cañas Central American University (UCA). El Salvador’s Bitcoin Law is set to go into effect on Sept. 7 , when BTC will be legal tender in the country alongside the U.S. dollar. A total of 1,281 respondents ages 18 and over participated in this national survey that “represents the entire adult population residing in the country,” according to the institute. Out of all the respondents, 62.4% said they were aware of the approval of the Bitcoin Law by the deputies of the ...
Post a Comment
Read more